UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2008 Check here if Amendment [_]: Amendment Number: ----- This Amendment (Check only one): [_] is a restatement [_] adds new holdings entries Institutional Investment Manager Filing this Report: Name: First Commonwealth Financial Corporation Address: 22 North Sixth Street Indiana, PA, 15701 Form 13F File Number: 28-05151 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Edward J. Lipkus, III Title: Executive Vice President and Chief Financial Officer Phone: (724) 463-4724 Signature,Place, and Date of Signing: /s/ Edward J. Lipkus, III ------------------------- Edward J. Lipkus, III, Indiana, PA, February 5, 2009 Report Type(check only one) : [x] 13F HOLDINGS REPORT (Check here if all holdings of this reporting manager are reported in this report [_] 13F NOTICE (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s)) [_] 13F COMBINATION REPORT (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 187 Form 13F Information Table Value Total: $94,770 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. Number: 1 Form 13F File Number:28-11893 Name: FORM 13F INFORMATION TABLE COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 TITLE MARKET OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------ --------- -------- --------- --- ---- ---------- -------- --------- ------ ----- 1FNB CORP PA COMMON 302520101 135 10,224 SH DEFINED 1 10,224 1PPG INDS INC COMMON 693506107 749 17,654 SH OTHER 1 15,154 2,500 1WELLS FARGO & CO NEW COMMON 949746101 957 32,474 SH DEFINED 1 30,890 1,584 3M CO COMMON 88579Y101 179 3,110 SH DEFINED 1 2,270 840 3M CO COMMON 88579Y101 500 8,685 SH OTHER 1 8,685 ABBOTT LABS COMMON 002824100 1,019 19,087 SH DEFINED 1 18,164 923 ABBOTT LABS COMMON 002824100 57 1,067 SH OTHER 1 1,067 ADOBE SYS INC COMMON 00724F101 425 19,945 SH DEFINED 1 19,945 ADOBE SYS INC COMMON 00724F101 10 482 SH OTHER 1 482 AIR PRODS & CHEMS INC COMMON 009158106 390 7,765 SH DEFINED 1 7,765 AIR PRODS & CHEMS INC COMMON 009158106 15 296 SH OTHER 1 296 ALLSTATE CORP COMMON 020002101 137 4,168 SH DEFINED 1 2,684 1,484 ALLSTATE CORP COMMON 020002101 214 6,529 SH OTHER 1 6,529 ALTRIA GROUP INC COMMON 02209S103 42 2,814 SH DEFINED 1 2,713 101 ALTRIA GROUP INC COMMON 02209S103 469 31,115 SH OTHER 1 31,115 APACHE CORP COMMON 037411105 720 9,654 SH DEFINED 1 9,654 APACHE CORP COMMON 037411105 70 937 SH OTHER 1 413 524 APPLE INC COMMON 037833100 524 6,144 SH DEFINED 1 6,144 APPLE INC COMMON 037833100 16 185 SH OTHER 1 185 AT&T INC COMMON 00206R102 1,888 66,231 SH DEFINED 1 62,536 3,695 AT&T INC COMMON 00206R102 253 8,894 SH OTHER 1 8,589 300 5 AUTODESK INC COMMON 052769106 301 15,313 SH DEFINED 1 15,313 AUTODESK INC COMMON 052769106 14 705 SH OTHER 1 705 BANK OF AMERICA CORPORATION COMMON 060505104 125 8,898 SH DEFINED 1 8,898 BANK OF AMERICA CORPORATION COMMON 060505104 88 6,257 SH OTHER 1 6,257 BANK OF NEW YORK MELLON CORP COMMON 064058100 303 10,699 SH DEFINED 1 9,719 980 BANK OF NEW YORK MELLON CORP COMMON 064058100 108 3,822 SH OTHER 1 1,372 400 2,050 BECTON DICKINSON & CO COMMON 075887109 911 13,315 SH DEFINED 1 12,719 596 BECTON DICKINSON & CO COMMON 075887109 68 993 SH OTHER 1 993 BERKSHIRE SECURITIES COMMON 084991868 1,412 6,140 SH DEFINED 1 6,140 BERKSHIRE SECURITIES COMMON 084991868 414 1,800 SH OTHER 1 1,800 BP PLC COMMON 055622104 488 10,441 SH DEFINED 1 10,376 65 BP PLC COMMON 055622104 308 6,592 SH OTHER 1 5,590 1,002 BUNGE LIMITED COMMON G16962105 557 10,768 SH DEFINED 1 10,768 BUNGE LIMITED COMMON G16962105 13 250 SH OTHER 1 250 BURLINGTON NORTHN SANTA FE C COMMON 12189T104 225 2,970 SH DEFINED 1 2,970 CHEVRON CORP NEW COMMON 166764100 1,194 16,142 SH DEFINED 1 13,944 2,198 CHEVRON CORP NEW COMMON 166764100 493 6,664 SH OTHER 1 6,164 500 CISCO SYS INC COMMON 17275R102 671 41,137 SH DEFINED 1 37,327 3,810 CISCO SYS INC COMMON 17275R102 149 9,133 SH OTHER 1 9,033 100 CNB FINL CORP PA COMMON 126128107 262 23,400 SH DEFINED 1 23,400 COLGATE PALMOLIVE CO COMMON 194162103 431 6,288 SH OTHER 1 6,288 CONOCOPHILLIPS COMMON 20825C104 564 10,881 SH DEFINED 1 9,171 1,710 CONOCOPHILLIPS COMMON 20825C104 119 2,300 SH OTHER 1 2,300 CVS CAREMARK CORPORATION COMMON 126650100 629 21,902 SH DEFINED 1 21,902 CVS CAREMARK CORPORATION COMMON 126650100 33 1,136 SH OTHER 1 1,136 DISNEY WALT CO COMMON 254687106 778 34,276 SH DEFINED 1 32,966 1,310 DISNEY WALT CO COMMON 254687106 33 1,470 SH OTHER 1 1,470 DOMINION RES INC VA NEW COMMON 25746U109 666 18,578 SH DEFINED 1 18,578 DOMINION RES INC VA NEW COMMON 25746U109 115 3,204 SH OTHER 1 3,204 DU PONT E I DE NEMOURS & CO COMMON 263534109 177 7,004 SH DEFINED 1 7,004 DU PONT E I DE NEMOURS & CO COMMON 263534109 54 2,142 SH OTHER 1 942 1,200 EMBRYO DEV CORP COMMON 290818103 -- 15,000 SH DEFINED 1 15,000 EMERSON ELEC CO COMMON 291011104 31 840 SH DEFINED 1 40 800 EMERSON ELEC CO COMMON 291011104 626 17,110 SH OTHER 1 17,110 ESB FINANCIAL CORP COMMON 26884F102 134 12,510 SH DEFINED 12,510 -- -- EXXON MOBIL CORP COMMON 30231G102 3,627 45,440 SH DEFINED 1 45,440 EXXON MOBIL CORP COMMON 30231G102 2,298 28,781 SH OTHER 1 11,389 17,392 FEDEX CORP COMMON 31428X106 365 5,691 SH DEFINED 1 5,281 410 FEDEX CORP COMMON 31428X106 16 250 SH OTHER 1 200 50 FIRST COMWLTH FINL CORP PA COMMON 319829107 13,482 1,089,028 SH DEFINED 1 1,085,562 3,466 FIRST COMWLTH FINL CORP PA COMMON 319829107 1,139 91,998 SH OTHER 1 82,169 9,829 FIRSTMERIT CORP COMMON 337915102 206 10,000 SH DEFINED 10,000 -- -- FNB CORP PA COMMON 302520101 1 43 SH OTHER 1 43 FRANKLIN RES INC COMMON 354613101 369 5,786 SH DEFINED 1 5,774 12 FRANKLIN RES INC COMMON 354613101 11 175 SH OTHER 1 175 GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 50 5,000 SH DEFINED 5,000 -- -- GENERAL ELECTRIC CO COMMON 369604103 1,011 62,410 SH DEFINED 1 60,944 1,466 GENERAL ELECTRIC CO COMMON 369604103 2,017 124,496 SH OTHER 1 122,426 1,730 340 GENERAL MLS INC COMMON 370334104 344 5,663 SH DEFINED 1 5,596 67 GENERAL MLS INC COMMON 370334104 12 200 SH OTHER 1 200 GENZYME CORP COMMON 372917104 432 6,512 SH DEFINED 1 6,462 50 GENZYME CORP COMMON 372917104 46 700 SH OTHER 1 700 GOODRICH CORP COMMON 382388106 399 10,771 SH DEFINED 1 10,744 27 GOODRICH CORP COMMON 382388106 7 180 SH OTHER 1 180 GOOGLE INC COMMON 38259P508 533 1,731 SH DEFINED 1 1,578 153 GOOGLE INC COMMON 38259P508 10 33 SH OTHER 1 33 HARLEYSVILLE NATIONAL CORP COMMON 412850109 684 47,349 SH DEFINED 47,349 -- -- HELMERICH & PAYNE INC COMMON 423452101 451 19,838 SH DEFINED 1 19,819 19 HELMERICH & PAYNE INC COMMON 423452101 10 450 SH OTHER 1 450 INTEL CORP COMMON 458140100 186 12,708 SH DEFINED 1 8,048 4,660 INTEL CORP COMMON 458140100 61 4,180 SH OTHER 1 3,750 430 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,099 13,062 SH DEFINED 1 13,030 32 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,219 14,490 SH OTHER 1 14,390 100 JACOBS ENGR GROUP INC DEL COMMON 469814107 894 18,579 SH DEFINED 1 18,579 JACOBS ENGR GROUP INC DEL COMMON 469814107 45 930 SH OTHER 1 930 JOHNSON & JOHNSON COMMON 478160104 1,218 20,353 SH DEFINED 1 19,423 930 JOHNSON & JOHNSON COMMON 478160104 531 8,872 SH OTHER 1 8,872 JPMORGAN & CHASE & CO COMMON 46625H100 753 23,883 SH DEFINED 1 22,037 1,846 JPMORGAN & CHASE & CO COMMON 46625H100 137 4,345 SH OTHER 1 4,345 KRAFT FOODS INC COMMON 50075N104 18 683 SH DEFINED 1 554 129 KRAFT FOODS INC COMMON 50075N104 582 21,676 SH OTHER 1 21,676 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 543 7,363 SH DEFINED 1 7,339 24 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 30 410 SH OTHER 1 410 LOWES COS INC COMMON 548661107 204 9,497 SH DEFINED 1 9,497 LOWES COS INC COMMON 548661107 88 4,083 SH OTHER 1 3,333 750 MCDONALDS CORP COMMON 580135101 1,277 20,526 SH DEFINED 1 19,666 860 MCDONALDS CORP COMMON 580135101 68 1,100 SH OTHER 1 1,100 MCKESSON CORP COMMON 58155Q103 394 10,162 SH DEFINED 1 10,162 MCKESSON CORP COMMON 58155Q103 15 395 SH OTHER 1 395 MERCK & CO INC COMMON 589331107 72 2,373 SH DEFINED 1 2,373 MERCK & CO INC COMMON 589331107 721 23,710 SH OTHER 1 23,210 500 MERRILL LYNCH & CO COMMON 590188108 92 7,920 SH DEFINED 1 1,890 6,030 MERRILL LYNCH & CO COMMON 590188108 50 4,275 SH OTHER 1 4,275 METLIFE INC COMMON 59156R108 388 11,135 SH DEFINED 1 11,135 METLIFE INC COMMON 59156R108 5 140 SH OTHER 1 140 MICROSOFT CORP COMMON 594918104 805 41,390 SH DEFINED 1 36,828 4,562 MICROSOFT CORP COMMON 594918104 145 7,478 SH OTHER 1 7,208 270 MOLSON COORS BREWING CO COMMON 60871R209 826 16,885 SH DEFINED 1 16,885 MOLSON COORS BREWING CO COMMON 60871R209 34 700 SH OTHER 1 450 250 MONSANTO CO NEW COMMON 61166W101 375 5,329 SH DEFINED 1 5,293 36 MONSANTO CO NEW COMMON 61166W101 18 251 SH OTHER 1 251 NATIONAL CITY CORP COMMON 635405103 22 11,977 SH DEFINED 1 11,977 NEW MEXICO BANQUEST COMMON 647991926 1,859 7,207 SH DEFINED 1 7,207 NEW MEXICO BANQUEST COMMON 647991926 49 189 SH OTHER 1 189 ORACLE CORP COMMON 68389X105 786 44,330 SH DEFINED 1 44,330 ORACLE CORP COMMON 68389X105 60 3,358 SH OTHER 1 3,358 PARKER HANNIFIN CORP COMMON 701094104 429 10,081 SH DEFINED 1 10,081 PARKER HANNIFIN CORP COMMON 701094104 23 550 SH OTHER 1 550 PARKVALE FINANCIAL CORP COMMON 701492100 2,789 224,544 SH DEFINED 224,544 -- -- PEPSICO INC COMMON 713448108 1,166 21,282 SH DEFINED 1 20,374 908 PEPSICO INC COMMON 713448108 1,059 19,342 SH OTHER 1 19,342 PETSMART INC COMMON 716768106 633 34,310 SH DEFINED 1 32,500 1,810 PETSMART INC COMMON 716768106 18 950 SH OTHER 1 950 PFIZER INC COMMON 717081103 194 10,944 SH DEFINED 1 9,695 1,249 PFIZER INC COMMON 717081103 368 20,805 SH OTHER 1 20,425 380 PHARMACEUTICAL PROD DEV INC COMMON 717124101 579 19,960 SH DEFINED 1 19,928 32 PHARMACEUTICAL PROD DEV INC COMMON 717124101 20 700 SH OTHER 1 700 PHILIP MORRIS INTL INC COMMON 718172109 805 18,509 SH DEFINED 1 17,041 1,468 PHILIP MORRIS INTL INC COMMON 718172109 1,303 29,940 SH OTHER 1 29,940 PNC FINL SVCS GROUP INC COMMON 693475105 239 4,881 SH DEFINED 1 4,854 27 PNC FINL SVCS GROUP INC COMMON 693475105 196 4,000 SH OTHER 1 4,000 PPG INDS INC COMMON 693506107 74 1,738 SH DEFINED 1 1,738 PPL CORP COMMON 69351T106 181 5,900 SH DEFINED 1 5,900 PPL CORP COMMON 69351T106 81 2,650 SH OTHER 1 2,650 PRECISION CASTPARTS CORP COMMON 740189105 391 6,581 SH DEFINED 1 6,581 PRECISION CASTPARTS CORP COMMON 740189105 13 225 SH OTHER 1 225 PRICE T ROWE GROUP INC COMMON 74144T108 620 17,498 SH DEFINED 1 16,290 1,208 PRICE T ROWE GROUP INC COMMON 74144T108 51 1,440 SH OTHER 1 1,390 50 PROCTER & GAMBLE CO COMMON 742718109 1,442 23,324 SH DEFINED 1 22,373 951 PROCTER & GAMBLE CO COMMON 742718109 2,439 39,456 SH OTHER 1 39,456 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 118 4,041 SH DEFINED 1 1,541 2,500 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 247 8,460 SH OTHER 1 8,460 QUALCOMM INC COMMON 747525103 342 9,532 SH DEFINED 1 9,532 QUALCOMM INC COMMON 747525103 10 272 SH OTHER 1 272 ROCKWELL AUTOMATION INC COMMON 773903109 151 4,670 SH DEFINED 1 4,670 ROCKWELL AUTOMATION INC COMMON 773903109 64 2,000 SH OTHER 1 2,000 ROCKWELL COLLINS INC COMMON 774341101 167 4,269 SH DEFINED 1 4,269 ROCKWELL COLLINS INC COMMON 774341101 78 2,000 SH OTHER 1 2,000 ROYAL BANCSHARES OF PENN-A COMMON 780081105 67 20,156 SH DEFINED 20,156 -- -- ROYAL DUTCH SHELL PLC COMMON 780259206 44 823 SH DEFINED 1 734 89 ROYAL DUTCH SHELL PLC COMMON 780259206 238 4,500 SH OTHER 1 4,500 S & T BANCORP INC COMMON 783859101 1,992 56,120 SH DEFINED 1 56,120 S & T BANCORP INC COMMON 783859101 546 15,384 SH OTHER 1 15,384 SCHLUMBERGER LTD COMMON 806857108 279 6,591 SH DEFINED 1 6,591 SCHLUMBERGER LTD COMMON 806857108 136 3,218 SH OTHER 1 3,218 STATE STR CORP COMMON 857477103 408 10,366 SH DEFINED 1 10,366 STATE STR CORP COMMON 857477103 8 214 SH OTHER 1 214 SUSQUEHANNA BANCSHARES INC COMMON 869099101 1,106 69,487 SH DEFINED 69,487 -- -- SUSQUEHANNA BANCSHARES INC P COMMON 869099101 831 52,242 SH DEFINED 1 52,242 TARGET CORP COMMON 87612E106 547 15,830 SH DEFINED 1 15,830 TARGET CORP COMMON 87612E106 171 4,938 SH OTHER 1 4,938 TEVA PHARMACEUTICAL INDS LTD COMMON 881624209 398 9,350 SH DEFINED 1 9,245 105 TEVA PHARMACEUTICAL INDS LTD COMMON 881624209 11 263 SH OTHER 1 63 200 TEXAS INSTRS INC COMMON 882508104 136 8,746 SH DEFINED 1 6,866 1,880 TEXAS INSTRS INC COMMON 882508104 35 2,267 SH OTHER 1 2,267 THERMO FISHER SCIENTIFIC INC COMMON 883556102 577 16,924 SH DEFINED 1 16,924 THERMO FISHER SCIENTIFIC INC COMMON 883556102 22 635 SH OTHER 1 635 TIME WARNER CABLE INC COMMON 88732J108 369 17,220 SH DEFINED 1 17,220 TIME WARNER CABLE INC COMMON 88732J108 16 768 SH OTHER 1 768 TRISTATE CAPITAL BANK COMMON 99R733108 600 50,000 SH DEFINED 50,000 -- -- UNITED TECHNOLOGIES CORP COMMON 913017109 233 4,340 SH DEFINED 1 3,508 832 UNITED TECHNOLOGIES CORP COMMON 913017109 29 533 SH OTHER 1 533 US BANCORP DEL COMMON 902973304 436 17,422 SH DEFINED 1 15,126 2,296 US BANCORP DEL COMMON 902973304 18 712 SH OTHER 1 712 VERIZON COMMUNICATIONS INC COMMON 92343V104 1,536 45,311 SH DEFINED 1 45,216 95 VERIZON COMMUNICATIONS INC COMMON 92343V104 806 23,770 SH OTHER 1 19,926 3,844 VISA INC COMMON 92826C839 337 6,433 SH DEFINED 1 6,433 VISA INC COMMON 92826C839 8 150 SH OTHER 1 150 VIST FINANCIAL CORP COMMON 524477106 734 95,005 SH DEFINED 95,005 -- -- WAL MART STORES INC COMMON 931142103 254 4,532 SH DEFINED 1 4,532 WAL MART STORES INC COMMON 931142103 57 1,020 SH OTHER 1 950 70 WELLS FARGO & CO NEW COMMON 949746101 193 6,532 SH OTHER 1 6,532 XCEL ENERGY INC COMMON 98389B100 542 29,203 SH DEFINED 1 29,203 XCEL ENERGY INC COMMON 98389B100 33 1,770 SH OTHER 1 1,770 ZIMMER HLDGS INC COMMON 98956P102 260 6,422 SH DEFINED 1 6,002 420 ZIMMER HLDGS INC COMMON 98956P102 15 380 SH OTHER 1 250 130 GRAND TOTALS 94,770 3,720,440